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Stock impact report

Eagle Bancorp, Inc. Positions for Growth Through Capital Actions

Eagle Bancorp, Inc. (EGBN) 
Last eagle bancorp, inc. earnings: 4/22 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.eaglebankcorp.com
Company Research Source: GlobeNewswire
BETHESDA, Md., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. (NASDAQ: EGBN), the Bethesda-based holding company for EagleBank, one of the largest community banks in the Washington D.C. area, today announced two actions taken to position itself for future growth. As of September 30, 2024, the Company closed on a private placement of a five-year senior debt totaling $77.7 million maturing on September 30, 2029, and recalibrated its cash dividend for the third quarter of 2024 to reflect the company’s growth plans. “At EagleBank, our highest priorities are advancing our growth strategy and expanding the diversity of our deposit and loan portfolio.” said Susan G. Riel, Eagle Bancorp President and Chief Executive Officer. “This successful transaction boosts our ability to pursue sustained growth and demonstrates the confidence investors have in our vision and the future of the Company.” Over the past 18 months, the Company has enhanced its senior management team, taken steps to Show less Read more
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